In the update of October 8, I noted that there were enough waves for bear ii of 3 to be complete, and SPX has continued to hold that high ever since. This confirms that high as the (then suspected) three complete waves:
In conclusion, the main remaining (underdog) count for bulls would be a near-term reprieve in the form of an ending diagonal C wave (the subwaves of ending diagonals break down into ABCs) -- barring that, this market has now stored up significant potential energy for a sustained decline. In other words, no change from the last few updates -- except to note that the market is continuing to add confidence to the preferred bearish outlook. Trade safe.
can you kindly repost the preferred bearish outlook? I can't recall which post had this outlook on it for the medium term. Thanks
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ReplyDeleteI've never been able to get a reply....even after donating to the cause. I gave up a long time ago.
ReplyDeleteDid you get a passage to the forum?
ReplyDeleteno replies for forum access. Its fine. I will not use the site anymore
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